Kathmandu — A special one-day interaction and training program focused on insurance journalism was successfully conducted on Monday by the Female Economic Journalist Association (FEJA), in collaboration with the Nepal Insurance Authority (NIA). The event aimed to strengthen the...

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has issued a stern warning to provincial and branch heads of insurance companies, stating that strict action will be taken against those who fail to act in the interest of the...

Kathmandu — Insurance companies in Nepal have significantly expanded their claim settlement scope, with non-life insurers in particular showing remarkable growth in the current fiscal year. According to the Nepal Insurance Authority, the total insurance claim payments by both...

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has said that action will be taken against insurance companies and surveyors responsible for delaying claim payments. Speaking at an insurance interaction program organized by the Chamber of Industries, Morang in...

Kathmandu – Reliable Nepal Life Insurance Limited has received an improved issuer rating of ‘Care-NP A minus (IS)’ from CARE Ratings Nepal Limited, upgrading from its previous ‘Care-NP BBB+ (IS)’ status. This upgraded rating reflects the company’s strong solvency...

Kathmandu — Nepal Rastra Bank (NRB) Governor Dr. Bishwanath Paudel has stated that the increasing volume of bad loans in the agriculture and small and medium enterprise (SME) sectors has significantly strained the country’s banking and financial institutions. Speaking...

Artificial Intelligence is no longer a distant experiment in the insurance world. From underwriting to disaster management, AI is fundamentally transforming how insurance is designed, delivered, and consumed. Globally, the AI-in-insurance market is projected to surge to over USD...

Kathmandu – Nepal’s life insurance sector is witnessing a worrying rise in policy surrenders, with more than Rs. 13.5 billion withdrawn from life insurance companies in just the first 11 months of the current fiscal year. According to data...

Kathmandu – Nepal’s insurance industry has emerged as a key employment generator, with over 12,000 individuals currently working across 37 life and non-life insurance companies. According to data released by the Nepal Insurance Authority, 12,234 employees were engaged in...

Kathmandu – Nepal Insurance Authority Chairman Sharad Ojha has announced that the authority is working to develop a ‘bundle product’ and launch a province-wide insurance campaign in all seven provinces, starting with Koshi. He made this statement during an...